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Business & farm
If your partnership neither receives income nor incurs any expenditures treated as deductions or credits for federal income tax purposes, the partnership is not required to file Form 1065.
See https://www.irs.gov/instructions/i1065#idm140672607577504
The partnership can deduct organizational and start-up expenses in the first tax year in which it is open for business.
‎January 4, 2021
9:08 AM